Net worth tracking
Login Sign Up
Become a Premium Member
  • All Opinions
  • Top Picks
  • Experts
  • Companies
  • Discover
Watch List
Home » Daily

Reopenings continue to push markets up

Allan Tong Posted On June 2, 2020
0
0
Shares
  • Share On Facebook
  • Tweet It


This week, you missed Past Top Picks comments by Robert Lauzon including Amazon.com (A Top Pick Aug 21/19, Up 32%) Get Premium to receive all past top picks opinions a few hours before market open.
Get Premium

Markets around the world continued to rise Tuesday, despite continued violence across American streets surrounding the controversial death of George Floyd and Trump’s inflammatory rhetoric and threats to deploy the U.S. Army against America’s own citizens. Riots from San Francisco to New York are impeding the reopening of the U.S. economy and are threatening to increase Covid-19 cases.

Several Facebook employees staged a virtual walkout to protest their CEO’s insistence of keeping Trump’s inflammatory and factually dubious posts on the social media network. Facebook stock plunged $5 during the day, but managed to close 0.35% higher. New York indices ticked up in the final hour of trading. The Dow closed just above 1% and the Nasdaq eventually rose to finish 0.59% higher.

The TSX closed 1% higher, led by energy, which spiked 4.5%. Not only has Canadian oil has returned to March levels (as seen in the XEG ETF which popped 4.88%), but the differential between WCS and WTI has narrowed to $8 (a barrel of WTI at $37 and WCS at $29). Financials also rallied. For instance, Manulife popped nearly 3%. BlackBerry soared 8.55% on a report that the cybersecurity company is in talks with Fairfax Financial, its biggest shareholder, to take over the company. Fairfax denied the rumour, though.

🕵️‍♂️ Facebook +0.35%
🏛 iUnits S&P/TSX Capped Energy ETF +4.88%
🏛 Manulife Financial +3%
📱 BlackBerry +8.55%

0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
FedEx, Aritzia Inc. and 17 Stock and 3 ETF Top Picks (Jun 24-30)
Melisa R. H. July 1, 2022
3 gems from the Collision technology conference
Allan Tong June 29, 2022
Rally optimism continues despite geopolitical concerns
Read Next

Rally optimism continues despite geopolitical concerns

  • We're the Stock Chasers
    Hi! We are the Stock Chasers. We write about investing and finance tools we love. We’re passionate about fintech and we invest almost all our affiliate and advertising revenues into the development of Stockchase and Wealthica. We hope you enjoy the stock ideas and product reviews!
  • Top Reviews

    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2021)
      7.4
    • The Ugly Truth About Identity Theft – Free Credit Report
      7
  • Popular Posts

    • FedEx, Aritzia Inc. and 17 Stock and 3 ETF Top Picks (Jun 24-30)
    • 3 gems from the Collision technology conference
    • Intertape Polymer Group and More at 52-week Highs & Lows (Jun 22-28)
    • 3 defensive stocks to find stability with your money
    • Markets slide on recession fears
  • Stock Lists

    • 3 defensive stocks to find stability with your money
      June 21, 2022
    • 3 rock stars of the mineral stocks
      June 15, 2022
    • 3 stocks to profit from revenge travel
      June 7, 2022
    • Are tech stocks alive?
      May 31, 2022
    • 3 dividend stocks to fight inflation
      May 24, 2022


  • Get $50 in free trades.


  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search